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Mar 20, 2013
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that's going to give the government, they hope, time to recapitalize the bank. that's a long-winded way to say pitch the bank. put a lot more money in them so they are stronger. not until tuesday because it happens to be a holiday. >> michelle, this is suzie.hat do you think could happen on tuesday? there's been so much pent-up anxiety, what happens when those banks open? >> well, it all depends on what happens over the next four days. so cyprus rejeblcted the first idea and they try to raid a pension fund to come up with money to meet the requirements of the bail out from the european partners. now that all of those things have happened, they face two choices. they need to shut down some banks that are very, very weak. or they're going to have to leave the euro. that's t choice they face. and depending on which one they make, that's what's going to happen on tuesday. >> michelle, how did the banks in cyprus get so bloody. is it really traceable basically to the fact that it's a kind of "don't ask, don't tell" kind of banking culture. >> well, certainly, this is
that's going to give the government, they hope, time to recapitalize the bank. that's a long-winded way to say pitch the bank. put a lot more money in them so they are stronger. not until tuesday because it happens to be a holiday. >> michelle, this is suzie.hat do you think could happen on tuesday? there's been so much pent-up anxiety, what happens when those banks open? >> well, it all depends on what happens over the next four days. so cyprus rejeblcted the first idea and they...
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Mar 22, 2013
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when you compare that to fixed income certainly in government space so we like equities and we like global equities. it will have to be a multi asset strategy which is kind of all of the above. looking at commodities and debt and equities and looking in companies in europe. there are good companies with strong balance sheets in europe, as well. looking into russia, indonesia, malaysia. so it is not so much a risk on/risk off. if i can jump off an earlier point which is fantastic which is the expansion we see the fundamentals have not changed a lot. that allows us to be a little more flat until the end of the year. sentiment is a very powerful thing. sentiment as momentum picks up people become more confident and like stocks that can be rather strong. we are looking at that right now. so bonds are being sold to finance equities that would change the dynamic and we have to revisit our estimates. >> thanks so much. >> thank you. >>> and coming up we will get more specific and find out which stocks this week's market monitor likes. >>> more warnings that investors should get out of bonds. bill
when you compare that to fixed income certainly in government space so we like equities and we like global equities. it will have to be a multi asset strategy which is kind of all of the above. looking at commodities and debt and equities and looking in companies in europe. there are good companies with strong balance sheets in europe, as well. looking into russia, indonesia, malaysia. so it is not so much a risk on/risk off. if i can jump off an earlier point which is fantastic which is the...
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Mar 21, 2013
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the measure will keep the federal government up and running until the end of september. while lawmakers get back to work on a more comprehensive long-term budget for fiscal 2014 and beyond. >>> after the bell earnings surprise starts us off in market focus tonight. nike reported a 55% jump in quarterly net income to 73 cents a share. that was 6 cents more than analysts' estimates. nike said worldwide future demand for its apparel and shoes rose 6% compared to the same period last year. looking at the stock, it closed at 53.60, down more than 2%. that was during the regular session, and then it surged in after hours. >>> fiscal systems was the biggest loser in the dow. shares fell on an analyst downgrade from a market perform to underperform. the analyst predicts a decline in routers, and cisco could be challenged to transition to a software andervice busess model. cisco lost almost 4%, closing at $20.84. >>> and oracle was the biggest nasdaq loser. investors reacted to the warning we told you about last night that oracle's hardware revenue would shrink. the company also
the measure will keep the federal government up and running until the end of september. while lawmakers get back to work on a more comprehensive long-term budget for fiscal 2014 and beyond. >>> after the bell earnings surprise starts us off in market focus tonight. nike reported a 55% jump in quarterly net income to 73 cents a share. that was 6 cents more than analysts' estimates. nike said worldwide future demand for its apparel and shoes rose 6% compared to the same period last year....
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Mar 25, 2013
03/13
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but, the government is allowing the company to raise prices on oil, so that could be a good thing. moving on to seagate technology, what do you see there? > > yeah, stx, stx has been a little bit under-performing the other hard drive spaces. we see wdc on fire, we see sandisk at 52-week highs, so those have been performing very well. stx, very similar concept: we saw aggressive call buying in it stx. they were buying april 34s, and they were buying april 39s. now they are buying weeklies for next week's 36 calls. i think we are going to get end-of-the-quarter markup. this friday is end-of-the- quarter mark-up - it is the last day of the quarter. i think a lot of these stocks are going to run up into this. i think stx is a perfect example. on friday, it bounced off that 50-day moving average at $34.16. i like what they're doing globally. they are based out of dublin, but they have good exposure to the global growth story. we've seen mixed earnings in technology. mu went higher, oracle went lower; but i like what stx is doing, and with aggressive call-buyers, i bought some calls, i c
but, the government is allowing the company to raise prices on oil, so that could be a good thing. moving on to seagate technology, what do you see there? > > yeah, stx, stx has been a little bit under-performing the other hard drive spaces. we see wdc on fire, we see sandisk at 52-week highs, so those have been performing very well. stx, very similar concept: we saw aggressive call buying in it stx. they were buying april 34s, and they were buying april 39s. now they are buying weeklies...
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Mar 21, 2013
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this is the first government backed lawsuit of the libor scandal. meanwhile, fannie mae says its "weighing the possibility of a lawsuit." in france-- police searched the home of imf chief christine lagarde. investigators poked around lagarde's paris apartment for clues about her role in compensation paid to a french business man reports say lagarde is accused of giving him preferential treatment in deal/ she denies any wrongdoing. solar panel company suntech has declared bankruptcy. after defaulting on a large payment to bondholders, banks have pushed the company into bankruptcy court. a glut of competition in the solar panel industry hurt prices, and contributed to the companies' collapse. its stock currently trades near 59 cents. among stocks sensitive to what's going on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost more tha
this is the first government backed lawsuit of the libor scandal. meanwhile, fannie mae says its "weighing the possibility of a lawsuit." in france-- police searched the home of imf chief christine lagarde. investigators poked around lagarde's paris apartment for clues about her role in compensation paid to a french business man reports say lagarde is accused of giving him preferential treatment in deal/ she denies any wrongdoing. solar panel company suntech has declared bankruptcy....
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Mar 25, 2013
03/13
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cards still fairly close to the vest until we get through some of these other policy issues, like the government shutdown, which seems to be out -- not a problem right now. the debt ceiling. so we only have one out-perform rating right now, which is technology. that's been a long-standing outperform for us. one underperform was consumer discretionary which is the potential for problems because of the tax increases. it turns out it's not having the impact on consumer spending as a lot of people thought. >> great advice. thank you so much. great to you on the prom. liz ann sonders and heidi moore joining me. up next, we're on the money. what is starbucks' recipe for success? my conversation with the company's founder and ceo about how he wants to do for tea what he has done for coffee. >>> and how health care may not be so healthy a business. >>> and later, talking tough on the smartphone market. can a new phone from a glass economy not so far away take a bite out of apple? what innovation means for your personal technology use, as we take a look at how the stock market ended for the week. back in
cards still fairly close to the vest until we get through some of these other policy issues, like the government shutdown, which seems to be out -- not a problem right now. the debt ceiling. so we only have one out-perform rating right now, which is technology. that's been a long-standing outperform for us. one underperform was consumer discretionary which is the potential for problems because of the tax increases. it turns out it's not having the impact on consumer spending as a lot of people...
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Mar 20, 2013
03/13
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and during the crisis, the response of the government was, in fact, to increase the level of, you know, deposit or account sizes that were insured. so i consider that to be extremely unlikely in the united states. >> tom lee, "l.a. times." would you be in favor of reducing the flow of stimulus if we had another month or two, as we did in february, of job growth and the unemployment rate dropping, but the long-term unemployed didn't change much? and on a related question, how much of a pickup do you expect to see in the labor force participation rate and what would we need to see there for that to show substantial improvement? >> on the first question, as i said, i mean, that's a decision for the committee. we're going to have to make a judgment about how significant the improvement is, how sustained it is. long-term unemployment is one dimension of the unemployment problem. but, i think that probably the best way to get the long-term unemployed back to work is to get an overall strong labor market. and i think that's -- we'd be looking at the overall key indicators, like overall unempl
and during the crisis, the response of the government was, in fact, to increase the level of, you know, deposit or account sizes that were insured. so i consider that to be extremely unlikely in the united states. >> tom lee, "l.a. times." would you be in favor of reducing the flow of stimulus if we had another month or two, as we did in february, of job growth and the unemployment rate dropping, but the long-term unemployed didn't change much? and on a related question, how...
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Mar 22, 2013
03/13
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he expressed anti-government views. a lead investigator says a motive for the shooting may never be known. >>> now to washington, d.c., where the house of representatives passed legislation today to keep the government funded through the end of september. that bill now goes to the president to be signed into law, averting a possible government shut down. also, one day after rejecting a spending plan for the senate for next year, republicans in the house passed their own budget plan put together by congressman paul ryan of wisconsin. that plan would cut spending, defund the president's healthcare plan, and privatize medicare. >> repealing obama care means more jobs and lower healthcare costs for the american people. >> the first vote was about substance. the second was about keeping government open. we want to remove all doubt, that for whatever our disagreement on some of these bills, it was worth it. >> it leaves in place $85 billion in cuts to the pentagon and domestic programs. >>> new at 10:00, a series of concerted
he expressed anti-government views. a lead investigator says a motive for the shooting may never be known. >>> now to washington, d.c., where the house of representatives passed legislation today to keep the government funded through the end of september. that bill now goes to the president to be signed into law, averting a possible government shut down. also, one day after rejecting a spending plan for the senate for next year, republicans in the house passed their own budget plan put...
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Mar 20, 2013
03/13
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that was the first government, you know, the issue of. melissa: they were great. >> and then things slow down. and it picked up right around christmas. in january to a little bit. i think if you talk to everybody, all consumer businesses, if you look at same-store sales, that is what it will tell you. melissa: stay right where you are. we will take a short break, and on the other side of the push to a height minimum wage grows stronger. how can land breeze and the restaurant industry to withstand the blow? we will talk about it. you heard about the $22 minimum wage. piles of "money" coming up. ♪ today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? ing it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was
that was the first government, you know, the issue of. melissa: they were great. >> and then things slow down. and it picked up right around christmas. in january to a little bit. i think if you talk to everybody, all consumer businesses, if you look at same-store sales, that is what it will tell you. melissa: stay right where you are. we will take a short break, and on the other side of the push to a height minimum wage grows stronger. how can land breeze and the restaurant industry to...
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Mar 26, 2013
03/13
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. >> wouldn't that be the government that should do it? you guys don't have to spend that money, do you? >> oh, no. in fact, that's what we do. we are fundamentally an infrastructure business. we invest about $1 billion a year today upgrading infrastructure to provide waste water services to our regulated customers. we have competitive businesses in which we don't invest, but in our regulated business, that's really what we do. only about 15% of the water infrastructure is privately owned. in most instances, 85% it's municipal or other public entities and it's getting harder for them to keep up with the investment requirements. that's where we see our market potential to grow. >> as an old municipal bonds salesman, i wouldn't give a lot of these municipalities the time of day to raise money to take care of the infrastructure. i would tell them you sell it to american water, that way you get out from under and your water gets improved. maybe people move to your town. is that happening? >> it is. it's not happening probably at the rate i thi
. >> wouldn't that be the government that should do it? you guys don't have to spend that money, do you? >> oh, no. in fact, that's what we do. we are fundamentally an infrastructure business. we invest about $1 billion a year today upgrading infrastructure to provide waste water services to our regulated customers. we have competitive businesses in which we don't invest, but in our regulated business, that's really what we do. only about 15% of the water infrastructure is privately...
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Mar 22, 2013
03/13
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KTVU
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he expressed anti-government views. a lead investigator says a motive for the shooting may never be known. >>> now to washington, d.c., where the house of representatives passed legislation today to keep the government funded through the end of september. that bill now goes to the president to be signed into law, averting a possible government shut down. also, one day after rejecting a spending plan for the senate for next year, republicans in the house passed their own budget plan put together by congressman paul ryan of wisconsin. that plan would cut spending, defund the president's healthcare plan, and privatize medicare. >> repealing obama care means more jobs and lower healthcare costs for the american people. >> the first vote was about substance. the second was about keeping government open. we want to remove all doubt, that for whatever our disagreement on some of these bills, it was worth it. >> it leaves in place $85 billion in cuts to the pentagon and domestic programs. >>> new at 10:00, a series of concerted
he expressed anti-government views. a lead investigator says a motive for the shooting may never be known. >>> now to washington, d.c., where the house of representatives passed legislation today to keep the government funded through the end of september. that bill now goes to the president to be signed into law, averting a possible government shut down. also, one day after rejecting a spending plan for the senate for next year, republicans in the house passed their own budget plan put...
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Mar 26, 2013
03/13
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>> i think what they're avoiding are government bonds. you're seeing very large sales of outright u.s. ownership of government securities, same thing in the eurozone, seeing real selling of actual eurozone bonds and the purchase of corporate debt in their place. this is at a rate again that's different than 2012, that we considered material and significant. >> david, good to see you again. >> great to see you, sue, thanks for having me. >> david bailin, ty, up to you. >>> seagate and western digital higher. the disk drive makers are the top two stocks on the s&p 500 today. >>> sdwrenl motors revamping the buick to appeal to younger drivers. buick used to be a dominant brand with gm, selling more than 900,000 of them in the u.s. they're a big brand, by the way, over in china, but generally associated with older buyers here. shares of super value are higher after the company cut about 1100 jobs. the super market operator recently sold five grocery chains in an attempt to turn its business around. >>> while stock investors party hardy, some
>> i think what they're avoiding are government bonds. you're seeing very large sales of outright u.s. ownership of government securities, same thing in the eurozone, seeing real selling of actual eurozone bonds and the purchase of corporate debt in their place. this is at a rate again that's different than 2012, that we considered material and significant. >> david, good to see you again. >> great to see you, sue, thanks for having me. >> david bailin, ty, up to you....
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Mar 20, 2013
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and the threat of a government shutdown next week is getting smaller. the senate today passing a continuing resolution that will fund the government until september 30th. the house is expected to pass it tomorrow. one less thing for the markets to worry about, i think. there was concern about this, you know, coming or approaching month's end. this was the first time they made a deal. they really had a deal done, how rodgers and barbara mccalsky in the senate had a deal. i cannot help myself, one of part of the deal is still in there and that is no funding for obamacare, that is no funding for obamacare, do you have a thought on that? >> i don't have a thought on that, it keeps getting kicked down the road over and over and over again. eventually we have to come to the table and have a discussion. it is going to be funded or not? >> tony, i think this is a good start, myself. i'm being truthful, i do not want to fund obamacare, i think the country can do better, what is your take on this? >> look, i think if the votes are there for it, they will find the
and the threat of a government shutdown next week is getting smaller. the senate today passing a continuing resolution that will fund the government until september 30th. the house is expected to pass it tomorrow. one less thing for the markets to worry about, i think. there was concern about this, you know, coming or approaching month's end. this was the first time they made a deal. they really had a deal done, how rodgers and barbara mccalsky in the senate had a deal. i cannot help myself,...
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Mar 21, 2013
03/13
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this is likely now no march 27th government shutdown coming. my friend over at potomac research made a great point this morning. he said washington used to be a horrible issue for the markets. it's now becoming potentially a positive. there's even talk of a mini grand bargain happening in the next few weeks as well. a real change in tone. nothing happened down here when they passed that continuing resolution today in the house. mandy, back to you. >> apparently wall street does not care about washington anymore would be the way i would put it. thank you very much, bob. >> smart move by america. ignore d.c. >>> overseas, anger is cyprus is growing as fast as the atm lines at the banks. nervous and frustrated citizens lining up to pull out their money. no one seems to know what the fate of cyprus and its banking system will be. all this as the ecb ramps up pressure. michelle caruso-cabrera is in the capital of nicosia. >> reporter: we're getting clarity about how they're going to resolve this crisis. there are protesters down the street. they wou
this is likely now no march 27th government shutdown coming. my friend over at potomac research made a great point this morning. he said washington used to be a horrible issue for the markets. it's now becoming potentially a positive. there's even talk of a mini grand bargain happening in the next few weeks as well. a real change in tone. nothing happened down here when they passed that continuing resolution today in the house. mandy, back to you. >> apparently wall street does not care...
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Mar 23, 2013
03/13
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just getting a permit from the government can take many years, especially since nobody wants a refinery in their backyard. it can take two to three years when already cited or the time frame to do the build-out. that's why a refinery has not been built in the united states since 1976 and why you rarely see any large scale expansions of existing refineries because it is tough to invest in a business to wait six years before you get paid back. they are protected from outside competition and the way the industry works they are protected from each other. since no one spends billions to undercut the others on price, hey, there's not any price wars. and to me that's exactly what we look for in a slap happy oligopoly. let me throw in the fact in the last three years, we have seen, and this is why it's so profitable, we have seen an explosion in domestic oil and gas production. the shale fines, many people have been surprised by the newfound oil that the price at the pump has not come down and gotten cheaper. you know why that hasn't happened? one of the big reasons is that the gains from our c
just getting a permit from the government can take many years, especially since nobody wants a refinery in their backyard. it can take two to three years when already cited or the time frame to do the build-out. that's why a refinery has not been built in the united states since 1976 and why you rarely see any large scale expansions of existing refineries because it is tough to invest in a business to wait six years before you get paid back. they are protected from outside competition and the...
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611
Mar 22, 2013
03/13
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you know, if the company is doing fine, there's no governance issues, you don't have a problem. if you've got a problem, it's time to separate the two. >> exactly. >> by the way, i forgot to wish you happy world water day. >> oh, thank you so much. and to you as well. >> thank you so much. no one has the day off, there are no hallmark cards for this day, but this is an opportunity to look at companies that are looking to conserve water and make money doing it at the same time. >> yes, it is. and bertha coombs has the story of an oil man using water no one can ever use again for fracking. bertha? >> that's right, maria. the drought in texas is now entering its third year and it's grown more severe as the water-intensive fracking boom has exploded in the lone star state. you can see the orange and the red, that's extreme drought in 90% of the state. now, a couple of oil and gas veterans think they've found a win-win solution. tiny alpha solutions is tapping into the one source of water that is growing in texas, municipal waste water. they've contracted to buy the effluent that's n
you know, if the company is doing fine, there's no governance issues, you don't have a problem. if you've got a problem, it's time to separate the two. >> exactly. >> by the way, i forgot to wish you happy world water day. >> oh, thank you so much. and to you as well. >> thank you so much. no one has the day off, there are no hallmark cards for this day, but this is an opportunity to look at companies that are looking to conserve water and make money doing it at the same...
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Mar 20, 2013
03/13
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so the government's got to do something. maria, back to you. >> michelle, the options here are just extraordinary. michelle caruso-cabrera on the ground right now in cyprus. thank you so much. the cypriot government is looking for any alternative it can find, rather than accept that eu proposal. earlier today, cyprus' finance minister was in moscow meeting with his russian counterpart. hays trying to get a new loan while extending a current loan with more favorable terms. he walked away from the meeting without a deal. he says he'll stay in moscow, though, to continue these negotiations. george theo krooets is with cyprus international institute of management. he says the demands being imposed on cyprus are unfair. good to have you on the program, sir. thank you for joining us. >> yes, thank you for inviting me. >> so what is the me think sent when cyprus would rather negotiate and deal with russia rather than the eu? what's the message that the cypriot officials would rather negotiate with russia than the eu? >> look, i mea
so the government's got to do something. maria, back to you. >> michelle, the options here are just extraordinary. michelle caruso-cabrera on the ground right now in cyprus. thank you so much. the cypriot government is looking for any alternative it can find, rather than accept that eu proposal. earlier today, cyprus' finance minister was in moscow meeting with his russian counterpart. hays trying to get a new loan while extending a current loan with more favorable terms. he walked away...
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Mar 21, 2013
03/13
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i say this is a big government, unprecedented power grab. it's paving the way, by the way, to a national sales tax. i truly believe that. but let's talk with our guests. back with us, grover norquist and gary shapiro, who is among the bill's supporters. i begin with you. >> first of all, let me correct what you said. it is not a new tax. this is not even a tax. this tax is owed by every american. >> this is a mandate by the tax to have all interstate mandates paid. the interstate bothers me, too. >> if it's unconstitutional, it is unconstitutional. i don't think it is. when you buy something in new york or new jersey, you as consumer on the internet are obligated to report to the state the tax that should be paid. >> in the state. >> in the state you're in. >> all right. >> the truth is most americans are not doing that. >> but this is not what that's doing. this is going out of states. this is crossing states, is it not, grover? >> all politicians fantasize about the idea of having a tax where they can take money from people who don't get t
i say this is a big government, unprecedented power grab. it's paving the way, by the way, to a national sales tax. i truly believe that. but let's talk with our guests. back with us, grover norquist and gary shapiro, who is among the bill's supporters. i begin with you. >> first of all, let me correct what you said. it is not a new tax. this is not even a tax. this tax is owed by every american. >> this is a mandate by the tax to have all interstate mandates paid. the interstate...
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Mar 21, 2013
03/13
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FBC
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after the break, charlie gasparino has the details as the federal government indicts raj raj rat name's brother for insider trading. happy birthday, twitter, turning seven today. twitter now has 200 million active users posting more than 400 million tweets per day. so in honor of the company, we wanted to show you some of our favorite business tweets as we head to break. ♪ ♪ [ female announcer ] from meing customer needs. to meeting patient needs... ♪ wireless is limitless. [ female announcer ] from finding the best way... ♪ to finding the best catch... ♪ wireless is limitless. a talking car. but i'll tell you whaimpresses me. a talking train. this ge locomotive can tell you exactly where it i what it's carrying, while using less el. delivering whatever t world needs, when it needs it. ♪ after all, what's the point f talng if you don't have something important to say ♪ ♪ cheryl: one of the reasons that he is in jail for insider trading is because the fed launched an investigation into his brother who six years later has also been charged for insider-trading. charlie gasp
after the break, charlie gasparino has the details as the federal government indicts raj raj rat name's brother for insider trading. happy birthday, twitter, turning seven today. twitter now has 200 million active users posting more than 400 million tweets per day. so in honor of the company, we wanted to show you some of our favorite business tweets as we head to break. ♪ ♪ [ female announcer ] from meing customer needs. to meeting patient needs... ♪ wireless is limitless. [ female...
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Mar 21, 2013
03/13
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getting government spending down was necessary. the tax rise was necessary. but without growth, it can't work. and it's that lack of growth which has choked off this recovery and its deficit reduction plan. he did nothing yesterday. it was just more of the same. and i think around the world people will look tech uk and say if you wanted to know whether in a country even with a floating exchange rate could cut spending as a root to growth, they used to call it expansionary fiscal contraction. dead in the water. >> chancellor, thanks very much for joining us. kelly, back to you. >> great stuff there. and it's good to see you even if it's all the way across the city. coming up, when the the fed stop easing? deutsche bank's top economists think it could be by tend of the year. we'll put some questions to him when we come back. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most r
getting government spending down was necessary. the tax rise was necessary. but without growth, it can't work. and it's that lack of growth which has choked off this recovery and its deficit reduction plan. he did nothing yesterday. it was just more of the same. and i think around the world people will look tech uk and say if you wanted to know whether in a country even with a floating exchange rate could cut spending as a root to growth, they used to call it expansionary fiscal contraction....
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Mar 20, 2013
03/13
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eye 70
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the government shutdown day is next wednesday. the senate about four or five minutes ago passed a bill to avoid a government shutdown until october 1st. that bill heads to the senate. the president is expected to sign it. it is expected to pass the house and avoid a government shutdown until the next fiscal year. that is october 1st. there is no agreement on how to fund the government beyond that a number of different proposals up from democrats and republicans in the house this afternoon. they basically spent the entire day knocking each other's budgets. >> here's the theme. take more money from the economy. take more money from families. take more money from small businesses. spend it in washington and hope everything works out. it is not working out. >> our focus and our priority is on dealing with the jobs deficit. that is the best way to reduce the long-term deficit and do it in a balanced way. >> so the house will probably tomorrow pass the house republican budget. that balance the budget within 10 years and cuts some $4.5 t
the government shutdown day is next wednesday. the senate about four or five minutes ago passed a bill to avoid a government shutdown until october 1st. that bill heads to the senate. the president is expected to sign it. it is expected to pass the house and avoid a government shutdown until the next fiscal year. that is october 1st. there is no agreement on how to fund the government beyond that a number of different proposals up from democrats and republicans in the house this afternoon. they...
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Mar 25, 2013
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if we go back to july of last year when we had the draghi speech, an important component was german government support overruling the bank and supporting the ecb. and now if they're taking a tough line, there's ambiguity there. >> so there still may be worse things happening in the eurozone. so in terms of the trade or a trade, where do you see the euro going? after it's broken the 200-day moving average went to levels we didn't see last week, even when there was so much uncertainty surrounding cyprus, is there a floor here for the euro? >> i don't think it's going to go that much lower. it's already taken a lot of pain. and the outcome was terrible for cyprus people, bank investors, for the rest of europe it's really not that important. but what i do think it does is make europe and euro much more susceptible to any kind of negative shock. if you're an investor in anything but a prime institution, the first thing you're going to think about is get my money out. and if you're a policy maker, the first thing you're going to ask is when should the gates get shut? >> right. steve, thanks for comi
if we go back to july of last year when we had the draghi speech, an important component was german government support overruling the bank and supporting the ecb. and now if they're taking a tough line, there's ambiguity there. >> so there still may be worse things happening in the eurozone. so in terms of the trade or a trade, where do you see the euro going? after it's broken the 200-day moving average went to levels we didn't see last week, even when there was so much uncertainty...
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Mar 22, 2013
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going there takes away the sales tax revenue that governments have been relying on for years and years and years. and we as brick and mortar merchants are still required to collect that. so, really, like i said, it comes down to a matter of fairness for the collection. >> but you're going to get more revenue through more sales and in turn, you're going to get more taxation that way, by the money going into the economy. so the reason why people are going on the internet is for the tax reason and the competitive pricing. so all you're going to do here is hamper sales and the best thing going. 6% of the world right now is ecommerce, with the whole tech eco system growing, with smartphones, with tablets, it's going to continue to grow. that money will trickle down into the economy. you're going to kill it this way. >> it doesn't -- >> the truth is, let me push back on you as well, because is it really fair that if i go into a store i'm paying tax and if i do it online, i'm not? >> it's okay, because the local brick and mortar store is getting the tax benefit of that state. so why should a
going there takes away the sales tax revenue that governments have been relying on for years and years and years. and we as brick and mortar merchants are still required to collect that. so, really, like i said, it comes down to a matter of fairness for the collection. >> but you're going to get more revenue through more sales and in turn, you're going to get more taxation that way, by the money going into the economy. so the reason why people are going on the internet is for the tax...
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Mar 20, 2013
03/13
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the complaint and was not the government itself. charles: the big case with the spotted owl, the one where a lot of people lost their jobs. a spotted owl is almost instinct anyway. it is amazing. >> candidly, they fill them with ideologues with a political agenda. as disappointed as i am, i am not surprised. charles: judge andrew napolitano, thank you. a man not afraid to speak his mind when it comes to politics. we will ask the dr. after this. >> it is almost laughable some of the things that i hear people say. they say he is a neurosurgeon so he could not know anything about economics. [ laughter ] >> it is not brain surgery. [ applause ] ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it
the complaint and was not the government itself. charles: the big case with the spotted owl, the one where a lot of people lost their jobs. a spotted owl is almost instinct anyway. it is amazing. >> candidly, they fill them with ideologues with a political agenda. as disappointed as i am, i am not surprised. charles: judge andrew napolitano, thank you. a man not afraid to speak his mind when it comes to politics. we will ask the dr. after this. >> it is almost laughable some of the...
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Mar 21, 2013
03/13
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in september, avoiding government shut down, which is what all parties want here. that one is headed to the president's desk for his signature. the house also approved as you mentioned on party-line vote paul ryan's republican budget which cuts 4.6 trillion dollars over the next decade to balance the budget in part by repealing obamacare but it is dead on arrival in the democratically controlled senate. >> i would not call the house republican bill balanced. their balance says that the wealthiest americans, the biggest orporations, don't contribute to this problem at all. everything is done on the backs of our middle class families. so, mr. , president, yes, balance is an important word. it is an important word to every family, every community, every american. >> but, that did not stop paul ryan. >> the stanford economists that looked at this budget last week said, 500,000 jobs right away. $1500 more in take-home pay for families in the first year. 1.7 million jobs and 4 thou better take-home pay on average for families in the 10th year. this family will protect an
in september, avoiding government shut down, which is what all parties want here. that one is headed to the president's desk for his signature. the house also approved as you mentioned on party-line vote paul ryan's republican budget which cuts 4.6 trillion dollars over the next decade to balance the budget in part by repealing obamacare but it is dead on arrival in the democratically controlled senate. >> i would not call the house republican bill balanced. their balance says that the...
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Mar 22, 2013
03/13
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we know that local and state governments are cutting back. that's not positive. finally, there is this missed quarter evidence. federal express did blow up. it was not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then we got oracle. while oracle almost always bounces back, making my charitable trust which owns the stock want to buy more, i have to believe the macroenvironment has gotten worse than we thought. oracle is not that bad a company. you don't want to get too negative either. what could be right? while i don't expect a grand bargain in washington, i think that's off the table, it's always possible and if that happens and you're short the market, betting against it or don't have enough stock, you will be left behind. you will be crushed. you short the market, we get a grand bargain, one solution. second, the brinkmanship game in europe could get resolved with some solution we don't know about yet that works out, one th
we know that local and state governments are cutting back. that's not positive. finally, there is this missed quarter evidence. federal express did blow up. it was not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then we got oracle. while oracle almost always bounces back, making my charitable trust which owns the stock want to buy more, i have to believe...
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Mar 21, 2013
03/13
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but it will keep the government running through september, no government shutdown, no running out of money until september 30. we will keep on running as we are now. no impact on the stock market, the dow down 71 points. cyprus is a big factor for stock and factors com investors. another solar company getting closer to going broke. how much of your money may have been wasted after this. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could busiss pro. yes, you could. go national. go like a pro. stuart: another solar startup that could be in deep trouble months after opening its doors the first place. solar powered in-line for taxpayer loans dipped into the money it is i but is in line tot it. cutting the workforce and restructuring. the taxpayer backed solopower would create hundreds of jobs fo
but it will keep the government running through september, no government shutdown, no running out of money until september 30. we will keep on running as we are now. no impact on the stock market, the dow down 71 points. cyprus is a big factor for stock and factors com investors. another solar company getting closer to going broke. how much of your money may have been wasted after this. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with...
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Mar 19, 2013
03/13
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and we've been very very proactive as a government in our money sectors, europe has not. doing what they're doing now, unprecedented, contrary to all aspects of the law, is going to create, i think, a dislocation that no one can predict. >> well, we're all connected. that's the bottom line. peter, good to have you on the program. >> thanks very much for your time. >> thanks very much for joining us. >>> it is about time. samsung tossing its hat into the smart watch ring, to keep up with rival apple. regardless of who gets to the market first, will consumers latch on to a smartphone watch? and later, what do professional football players and private equity geeks have in common? nfl executive eric grugman speaks with me about the league's latest multi-million dollar partnership and where they plan to put money to work in a few minutes. stay with us. your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith
and we've been very very proactive as a government in our money sectors, europe has not. doing what they're doing now, unprecedented, contrary to all aspects of the law, is going to create, i think, a dislocation that no one can predict. >> well, we're all connected. that's the bottom line. peter, good to have you on the program. >> thanks very much for your time. >> thanks very much for joining us. >>> it is about time. samsung tossing its hat into the smart watch...
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Mar 21, 2013
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our biggest competitor are governments that operate airlines. and the second thing is our government needs to solve the sequester problem. >> got it. well, it's interesting that you bring this up, because this is obvious the issue that's front and center for so many corporations out there, that this dysfunction in washington. but in terms of your own investing, we talked off-camera a moment ago. you bought into a mexican company. where around the world, aside from the united states, are you seeing growth and where are you investing your money? >> we have big investments in mexico. we're an owner in aeromexico and have an exclusive partnership with them. mexico is a wonderful place to do business. balanced budgets, strong gdp, low unemployment. the second place is gal airlines in brazil, the largest domestic carrier in brazil. and we're in the process of buying 49% of virgin atlantic airways, to form a giant venture across the transatlantic. >> good to have you on the program. >> you're nice to have me. appreciate it very much. >> richard anderso
our biggest competitor are governments that operate airlines. and the second thing is our government needs to solve the sequester problem. >> got it. well, it's interesting that you bring this up, because this is obvious the issue that's front and center for so many corporations out there, that this dysfunction in washington. but in terms of your own investing, we talked off-camera a moment ago. you bought into a mexican company. where around the world, aside from the united states, are...
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Mar 20, 2013
03/13
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therefore, we will be looking at fresh elections in june and a caretaker government until then. which if you're an american investor is like a get out of jail free card. >>> meanwhile, the home builders are rallying into the close. check out the guys,ys,oe simmon, all gains. george osbourne here has given his annual budget. he told the bank of england to do more to stimulate the u.k. economy. 2% is a target, it's not enough. he wants more extraordinary measures. in other words, he wants more qe. don't forget the bank of canada's governor is taking over the bank of england in june. what's interesting is that the recent bank of england meetings actually they have rejected the idea of more qe above half a trillion u.s. dollars for fear of what it might do to sterling. this is important going forward. look at the decline this year that you have had for sterling against the dollar compared to the decline that you have had on the euro. it's a much bigger fall. it's a much smaller economic area. beware of sterling crisis in 2013. scott, back to you. >> thanks so much for that. so what
therefore, we will be looking at fresh elections in june and a caretaker government until then. which if you're an american investor is like a get out of jail free card. >>> meanwhile, the home builders are rallying into the close. check out the guys,ys,oe simmon, all gains. george osbourne here has given his annual budget. he told the bank of england to do more to stimulate the u.k. economy. 2% is a target, it's not enough. he wants more extraordinary measures. in other words, he...
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Mar 21, 2013
03/13
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the president there is still trying to form a government, beating berlusconi. today another potential leader. the word from our local partners in milan is he might ultimately try to pick a public figure to run a technocrat government which means we won't get elections until november, but that could also move markets in addition to cyprus. you know, scott, just as i throw back to you, the interesting thing here overall with cyprus with the role at the ecb. on the one hand, spain was automobile to auction 4.5 billion euros of debt because of the backstop and conversely it's saying cyprus will withdraw your funding after the weekend if you don't do a deal. back to you. >> simon hobbs, bk, simon is not overstating it at all. the numbers out of europe were awful. >> atrocious. particularly france. >> are we not paying as much attention as we should to that? >> the u.s. market is not and u.s. investors should pay attention to that. the europe is 25% of the global economy. it's china's largest customer, so when we talk about all these things and we talk about whether
the president there is still trying to form a government, beating berlusconi. today another potential leader. the word from our local partners in milan is he might ultimately try to pick a public figure to run a technocrat government which means we won't get elections until november, but that could also move markets in addition to cyprus. you know, scott, just as i throw back to you, the interesting thing here overall with cyprus with the role at the ecb. on the one hand, spain was automobile...
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Mar 21, 2013
03/13
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the groups also discussing efforts by treasury, government partners and financial institutions to share information and specifically talk about the need for proposed legislation going forward. one other item of interest, secretary lew also discussing his conversations with china's leadership this week about the serious cyber threat intrusions posed to our intellectual properties. very interesting meeting, the possibility for the need for the proposed legislation. back to you. >> thank you hampton in d.c. coming up next, we're trading your tweets. stay tuned. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >> happy >> happy seventh birthday to twitter. so in honor of the birthday, let's get to today's tweets. karen, polycomgot the sympathy upgrade. what do you say? >> one of my worst trades of last year. very disappointing. the stock got crushed
the groups also discussing efforts by treasury, government partners and financial institutions to share information and specifically talk about the need for proposed legislation going forward. one other item of interest, secretary lew also discussing his conversations with china's leadership this week about the serious cyber threat intrusions posed to our intellectual properties. very interesting meeting, the possibility for the need for the proposed legislation. back to you. >> thank you...
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Mar 21, 2013
03/13
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we don't want the government coming in. your employer takes care of a lot of things in your life, particularly your health insurance. it makes sense them for them to take an active interest in how healthy their work force is. >> john, how much do you weigh? >> 172 pounds. >> that's ridiculous. >> my weight? >> the way to motivate people, you've got to do something positive. i'll give you $100 to lose weight or if you join the gym. you can't demoralize people -- >> why not penalize them if they don't engage in healthy habits or don't stop smoking? why shouldn't they pay more for their insurance? >> if you ask a woman her weight, that is the quickest way to get punched in the nose. >> it's not like they're putting scales on the back of people's chairs and displaying it to everyone. it's going to remain private between them and the person doing the inspection. >> i commend them. i think we all need to be thinking about health, positive, not negative. >> one of the questions that some people have is whether this will really be
we don't want the government coming in. your employer takes care of a lot of things in your life, particularly your health insurance. it makes sense them for them to take an active interest in how healthy their work force is. >> john, how much do you weigh? >> 172 pounds. >> that's ridiculous. >> my weight? >> the way to motivate people, you've got to do something positive. i'll give you $100 to lose weight or if you join the gym. you can't demoralize people --...